Recession tanks European powerhouse's economy amid global inflation squeeze
The International Monetary Fund initially predicted Germany and Britain alone to suffer recessions as inflation remains high across Europe and spending drops in response.
Morgan Stanley's next CEO likely insider
Morgan Stanley Chief Executive Officer James Gorman told the investment bank’s shareholders on Friday that he will step down within the next 12 months.
Biden Fed nominee says too little has been done about inflation
The Fed has noted that the job market has a robust supply but warned that if it grew "tight" it might prompt the need for further rate hikes, which the bank is not keen to pursue.
Morgan Stanley profit beats as wealth business cushions deals slump
Investment banks have suffered the most from a downturn in M&A activity as investors shunned risky bets against the backdrop of volatile markets and rapidly rising interest rates.
Concerns over a 'white collar recession' grow as Goldman Sachs, Morgan Stanley, Amazon and others cut jobs
With Goldman Sachs beginning layoffs this week, many are worried that the worst is yet to come for professionals across all industries as the Federal Reserve battles inflation.
Morgan Stanley to enter ETF market
Morgan Stanley is readying a "first-class ETF platform" to meet ballooning demand.
Samsung, Blue Ocean launch U.S. stock trading during South Korean business hours
Asian investors can now buy and sell U.S. stocks during Korean business hours in real time through a partnership between Samsung Securities and U.S.-based off-exchange trading venue operator Blue Ocean Technologies LLC, the companies said on Monday.
Morgan Stanley telling workers to stay home through the end of the year
Morgan Stanley is now encouraging a chunk of its top producers to stay home for the remainder of the year because of a surge in COVID-19.
Junior bankers at Lazard now the highest-paid on Wall Street, pulling in $200K
Junior bankers at boutique firm Lazard are now the highest paid on Wall Street, after Lazard raised salaries for all associates by $50,000, according to a report.
Interactive Brokers CEO welcomes Robinhood to big leagues
Robinhood is the newest publically traded online brokerage, joining Interactive Brokers and Charles Schwab.